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Igor

AUD (Australian Dollar) Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

The AUD is the abbreviation used in forex pairs to define the value of the Australian Dollar relative to its counterparts. The AUD as a term, however, can be used to discuss the strength or weakness of the currency overall, and this would be apparent in phrases like “Today there was broad strength in the AUD across the board,” which would mean that the Australian Dollar gained in strength relative to all of its counterparts.

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